|
GOVERNOR'S RECOMMENDED FY 2005 BUDGET |
MISSION:
To regulate and supervise state-chartered and licensed financial institutions; to maintain stability and public confidence in state-chartered institutions; to protect public interests; and, to promote the safety and soundness of state-chartered financial institutions by identifying, monitoring, and addressing risks to those institutions.
ACTUAL
FY 2002ACTUAL
FY 2003BUDGETED
FY 2004REQUESTED
FY 2005GOVERNOR'S RECOMMENDED
FY 2005RECOMMENDED INC/(DEC)
FY 2005
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
933,426
954,222
1,045,525
1,071,563
1,034,242
(11,283)
Total
$933,426
$954,222
$1,045,525
$1,071,563
$1,034,242
($11,283)
EXPENDITURE DETAIL:
Personal Services
$691,089
$725,221
$789,981
$829,725
$814,404
$24,423
Operating Expenses
242,337
229,000
255,544
241,838
219,838
(35,706)
Total
$933,426
$954,222
$1,045,525
$1,071,563
$1,034,242
($11,283)
Staffing Level FTE:
14.6
14.3
15.5
15.5
15.5
0.0
| ACTUAL FY 2002 |
ACTUAL FY 2003 |
ESTIMATED FY 2004 |
ESTIMATED FY 2005 |
|
| REVENUES: | ||||
| Banking Revolving Fund: | $0 | $0 | $0 | $0 |
| Bank Examination Fee | 416,811 | 438,026 | 579,509 | 708,640 |
| Trust Company Examination Fee | 11,137 | 21,239 | 26,000 | 26,000 |
| Money Lenders Renewal and Applications | 72,650 | 80,500 | 180,000 | 185,000 |
| Other License Fees | 108,959 | 112,850 | 248,000 | 256,000 |
| Investment Council Interest | 61,391 | 39,720 | 10,000 | 10,000 |
| Miscellaneous | 12,191 | 3,495 | 5,000 | 5,000 |
| Trust Company Charter Fees (General Fund) | 20,000 | 20,000 | 10,000 | 10,000 |
| Trust Company Supervison Fee (Proposed) | 0 | 0 | 21,000 | 46,000 |
| Total |
$703,139 |
$715,830 |
$1,079,509 |
$1,246,640 |
| PERFORMANCE INDICATORS: | ||||
| Action on Applications: | ||||
| New Bank/Trust Company Charters | 0/1 | 0/2 | 0/2 | 0/2 |
| Branches and Changes of Location/Control | 9/1 | 12/1 | 10/2 | 10/2 |
| Mergers/Denied Branch Banks | 1/0 | 1/0 | 1/0 | 1/0 |
| Interstate Banking and Branching | 3 | 0 | 1 | 1 |
| Institutions Examined: | ||||
| Money Lenders | 218 | 272 | 300 | 320 |
| Banks | 31 | * 29 | 30 | 35 |
| Trust Companies | 5 | 8 | 10 | 10 |
| Mortgage Lenders/Brokers | 211/85 | 232/86 | 275/150 | 300/175 |
| Bank Trusts and EDP Departments | 4 | 5 | 25 | 25 |
| Licenses Issued or Renewed: | ||||
| Money Lenders | 320 | 359 | 360 | 370 |
| Money Orders | 12 | 20 | 15 | 15 |
| Mortgage Lenders/Brokers | 311/184 | 345/198 | 355/210 | 365/220 |
| Charters Cancelled: | ||||
| Banks and Bank Branches | 2 | 6 | 2 | 1 |
| Asset Size of Institutions Supervised: | ||||
| Total Assets | $8,898,524,000 | $9,503,232,000 | $9,984,333,000 | $10,489,789,000 |